India Digest: The Ayurveda Co raises $15m in Series A; RedBrick AI snags $4.6m

India Digest: The Ayurveda Co raises $15m in Series A; RedBrick AI snags $4.6m

Photo by Katherine Hanlon on Unsplash

D2C omnichannel ayurveda brand The Ayurveda Co has raised $15 million in a Series A funding round, while health-tech AI platform RedBrick AI said it has raised $4.6 million in seed funding led by Sequoia India and Southeast Asia’s Surge.

The Ayurveda Co raises $15m in Series A

The Ayurveda Co has raised $15 million in a Series A funding round, with Indian actor Kajal Aggarwal as the first investor in this round.

Launched in 2021 as an online-first brand, T.A.C. claims a 500% growth in its top-line revenue from Mar-Oct and is set to grow 10x from Mar ’22 to ’23.

The firm received $3 million in funding from Azim Premji’s Wipro Consumer Care-backed Venture.

RedBrick AI snags $4.6m

RedBrick AI said it has raised $4.6 million in seed funding led by Sequoia India and Southeast Asia’s Surge.

The round also saw participation from Y Combinator and angels.

“With the rapid growth of artificial intelligence in clinical settings, researchers need excellent tools to build high-quality datasets and models at scale. Our customers are in the vanguard of this growth, pioneering everything from surgical robots to automated detection of cancers. The new funds will be integral to the growth of our engineering team in India and to expand our suite of products,” RedBrick AI CEO and co-founder Shivam Sharma said.

RedBrick AI was launched in 2021 by CEO and co-founder Shivam Sharma and CTO and co-founder Derek Lukacs. Both Sharma and Lukacs have previously worked on SpaceX’s Hyperloop technology.

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